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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended 12 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Dec. 31, 2019
Cash flows from operating activities:          
Net loss $ (27,894) $ 6,349 $ (25,201) $ (5,789)  
Adjustments to reconcile to net cash provided by operating activities:          
Depreciation and amortization     26,853 26,530  
Gain on sale of fixed assets     (568) (527)  
Equity-based compensation expense     8,081 5,981  
Deferred income taxes     (1,670) 883  
Non-cash restructuring charges     1,067 6,419  
Goodwill impairment 39,430 0 40,688 [1],[2] 0  
Definite-lived intangible asset impairment 0 0 957 0  
Impairment of assets held for sale     0 11,946  
Gain on sale of businesses     (109) 0  
Loss on foreign currency transactions     420 370  
Other     767 (39)  
Changes in operating assets and liabilities (net of acquisitions):          
Receivables net, retainage and contract assets     16,135 (1,488)  
Inventories     6,283 (3,170)  
Prepaid expenses and other assets     (4,953) 2,225  
Accounts payable and accrued expenses     3,198 (8,476)  
Contract liabilities     (381) (1,435)  
Other operating     7,812 (1,779)  
Net cash provided by operating activities     79,379 31,651  
Cash flows from investing activities:          
Capital expenditures     (15,238) (21,392)  
Proceeds from sale of fixed assets     1,143 1,270  
Patent expenditures     (264) (292)  
Sale of businesses, net of cash disposed     3,602 0  
Net cash used in investing activities     (10,757) (20,414)  
Cash flows from financing activities:          
Proceeds from issuance of common stock upon stock option exercises     0 956  
Repurchase of common stock     (5,251) (28,143)  
Distributions to non-controlling interests     (153) (1,409)  
Credit facility amendment fees     (1,995) 0  
Payments on notes payable, net     0 (273)  
Proceeds from (payments on) line of credit, net     (24,000) 8,000  
Principal payments on long-term debt     (26,250) (19,688)  
Net cash used in financing activities     (57,649) (40,557)  
Effect of exchange rate changes on cash     (451) (970)  
Net increase (decrease) in cash, cash equivalents and restricted cash for the period     10,522 (30,290)  
Cash, cash equivalents and restricted cash, beginning of year     66,222 84,886 $ 84,886
Cash, cash equivalents and restricted cash, end of period $ 76,744 $ 54,596 $ 76,744 $ 54,596 $ 66,222
[1] During the second quarter of 2020, the Company recorded a $1.3 million goodwill impairment related to restructuring activities within Energy Services (see Note 4).
[2] During the third quarter of 2020, the Company recorded a $39.4 million goodwill impairment within Energy Services (see Note 2).